LINK 12h ATH was updated, will it go higher or have enough?To your attention LinkUSDT, which recently updated the absolute high of trades.
Unsurprisingly, this coin has collected almost the most votes in our weekly digest to analyze it . We promised - we are doing , by the way, you still have the opportunity to offer your options for analysis.
It is difficult for LINKUSD the process of fixing at the top of the channel.
In order for the growth to continue , the LINKUSDT price needs to fix above the level of $25.25. If this happens, we can safely long to the next level $29.84.
In the event that sellers remember that they also have a right to exist in the market, and activate sales, the level of $25.25 will be protected.
Sharp sells can be tricky as LINK trades with the opportunity to use the large leverage across multiple platforms. Stop and liquidation triggers can easily push the price down to $20 or even to $17.20.
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Linkforecast
LINK-4h. The critical point is $ $22.3-22.8 and falling to $17.Three attempts to break the range of $22.3-22.8 , which buyers made in the period from 16 to 19 January did not work . It was this range that did not allow the LINK price to accelerate the trend and gain a kept above the white growth channel.
Thus, the LINK market has stopped consolidating, and now the price is trying to re-test the range of $22.3-22.8.
On January 19, low-volume buyers tried to take control of the range. However, the attack ended in a failed high and a local prices reversal. If this scenario is repeated and buyers do not increase aggression - the $20.3 mark will be threatened.
Having lost it, buyers will be forced to retreat to the range of $17-18. Globally, the correction can be much deeper. Check out our global LINK idea:
If Buyers can take contro l of the range of $22.3-22.8 - after fixing the price, the next target is $28.5.
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Stinky Link to Break ATH?! $20 and beyond...!Link, one of the most highly regarded coins in the DeFi space is closing in on its ATH
$20 and a few cents is the ATH, on Binance
If BTC doesn't have a shake, then this should be broke soon, when I will update further targets
Expect a little pullback here due to the SR level from the previous run, then to push through
If it does, it might be the first 'well-known' coin to break it's own ATH after BTC broke that 20K level some weeks ago now
LINK-4h. The critical point $12.7-13.The new growth trend of the LINK market , which started on December 24, is now being tested for strength. Approximation of the LINK price to historical high and the test of the $18.43 mark provoked the beginning of the correction.
Now sellers are testing the local level of $14.13 . Throughout December, this mark was a problem for buyers. It is the fixing of the price above the mark of $14.13 that buyers were able to update the local high.
The sharp drop in prices on increased volumes on January 10 shows the prospect of breaking this mark down.
The critical point of the buyer trend is in the range of $12.7-13. By keeping this range, buyers will prove their strength and increase the chances of continuing the trend.
P.S. The weekly timeframe shows how buyers kept the price in the range of $12.7-13 for 4 weeks. Loss of this range will send the price in the consolidation range of $10.5-13 for a long time.
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LINK-4h. sellers are preparing for a re-test of $8.8.A strong downward impulse on November 26 negatively affected the mood of buyers.
For almost a month, buyers fought for the right to continue the trend in the consolidation range of $11.6-14.5.
On December 23, sellers broke through the consolidation. In addition, the global trend line of buyers has suffered. An attempt to return the LINK price to the consolidation range was unsuccessful.
In the local range of $13-13.3, sellers stopped rising prices and regained control of $11.6-12.
While the price is below this range, our main scenario is a drop to $8.8.
Cancel this scenario if buyers can consolidate above $13.3 .
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LINK-4h. Will buyers be able to break $14.8?For the last two days, buyers in increased volumes have been fighting for the range of $13.2-13.5 .
A successful attack by buyers also allowed the price to return within the growth trend from which it fell on December 8. The price has practically reached the goal of our previous idea .
Bitcoin's active growth has little effect on LINKUSDT's growth . The local current price correction LINK tests the strength of the obtained range of $13.-13.5. Keeping this range, buyers will continue to actively raise prices to $ 14.8.
However, a deeper correction in the BTC price due to increased volatility could lead to a drop to $11.8.
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LINK-4h. The main fight will take place in the range of 13.2-13.On 13 December, LINK buyers managed to break out of the local trend of sellers, winning the right to continue the growth.
The next step for buyers is to fix the price above $12.7. On 13 December, buyers tried to break the range of $13.2-13.5. However, such an attack without increased volumes and constant pressure forced buyers to retreat.
At the moment, new forces are forming in the triangle to continue growing. Therefore, to clearly understand the further movement of the LINK price, it is worth waiting for the retest of $13.2-13.5. In order to choose the right scenario , you should closely monitor the struggle in this consolidation range.
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LINK. 12h. Sellers are ready to keep the range $11.80-12.00.Link history. 5 series. In the characters:
- active buyers who have continued the local price trend from the mark $7.3 since 7 October.
- sellers gaining initiative.
-price zone $11.80-12.00.
In the previous series , buyers managed to keep the range $8.7-9.2, what gave them confidence to continue growing. However, small volumes and sluggish nature of growth from 7 October call into question the price fixing above the range $11.8-12.00.
Now we expect a retest of $8.4-8.7 with the prospect of $7.8 test.We will believe in the continuation of growth to the level $13.5 only after fixing above $12.
Therefore, selling this coin in the range $11.8-12.00 is a good scenario for us. Also in this range, one can decide on an aggressive short with a short stop.
Let's see how this situation ends. Subscribe to us not to miss new episodes and trades :
P.S. The global scenario is valid.
LINK/USD AnalysisToday we are going to look at the prospects for the LINK / USD pair.
It is obvious that the uptrend on this instrument is over. The main correction is also completed, the time has come for a boring sideways movement.
Nevertheless, there is a high probability of a retest of the main support, it is at the previous local highs, these are the levels of $ 4.30 and $ 5.
The trading range will narrow over time, but for now it is wide enough for fast trades.
LINKBULL.USD (Y20.P4.E6).Big opportunityHi All,
***** FOR ONLY FTX Traders ****
Keeping this short:
> Looks like a bottom formation is taking place;
> LINK has done a good bounce from the 0.618 macro level (refer to link post below);
> MACD giving bulling sign;
> Structure is anticipated as a bottom elliot correction wave with the ABCDE strucuture, for now;
> High risk, high gain;
Overall view:
Please give me a like or tick for this post:
Regards,
S.SAri
LINK.12h. Everything will be decided in the range $8.75-9.20Our previous ideas on Link with surgical precision reached their targets and even managed to be corrected to the level $10.50.
Let us further fantasize about her future:
Now, this insane growth needs to cool down to the zone $8.75-9.20.
Unexpected circumstances in the form of breaking $10.50 and growth continuation straight up to $12 is unlikely.
In the zone $8.75-9.20 it will be necessary to monitor the volumes and sentiment of LINK investors.
Because from this zone, both growth to $13.5 and a fall to $5 can start
But about this, in more detail in the following ideas. Like and subscribe, so as not to miss the update of ideas on crypto coins!
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
When everybody panics,it is time to be greedy ;)Guys hope you are having a great day wherever you are now.
Yesterday there was a huge sell off in #Link by some whales. This in fact triggered some more stop losses and encouraged more people to short on #link
If you are new in this market you are probably panicking and selling your #Link and you other #altcoins with some losses. I would say DON'T DO THAT !
Here is why :
* Overall market is stable and there is no fundamental change
* FED will keep printing dollars to support markets and some of it will continue to support #Bitcoin and other altcoins
*Developers still trust #Link and #Chainlink keeps making great partnerships
When everybody is fearful it is time to be greedy !
If you look at the daily chart Fibonacci Levels are working fine and SuperTrend is still in Buy signal.
If we hold 0.236 Fibo level and close above SuperTrend Support then I expect a good bounce from this level to above 20 USD.
I believe in you #Linkmarines ! Don't give up so easy $Link
BINANCE:LINKUSDT
LINK (Y20.P2.E5).Strong formationHi All,
Link still shows strong support with form even after a drastic day where global markets have been hammered with losses.
For now, I'm still positive with LINK but I'm not so positive with the global markets and how much more will they impact crypto.
Keep an eye on SP 500 index and other major markets.
Regards,
S.Sari.
My thoughts on SP and BTC
Price prediction for LINKUSDT. Binance Futures listingWelcome, this is long-term price prediction for LINKUSDT. Different chart scale can give different patterns, but usualy gives same direction . According to LINKUSD (LINKUSDT) we can see 2 examples of different patterns on Log and Linear scales.
Just today LINKUSDT added to Binance Futures platform with 75x leverage. ( how to trade on Binance Futures Guide ) So for short-term price might go up to $2.7-3.0-3.3 price zone. Speaking of long-term we can see the downtrend lines which forming Symmetrical Triangle on Log scale and Descending Triangle on linear scale. Basicaly we can see a Distribution models on both charts. Final target I expect at $0.8-0.5 zone within autumn-early winter this year.
Long-term LINKBTC chart was posted 15 October 2019, so far perfect match:
$LINK - $BTC | New ATH incoming in the next coming months?Hi traders,
Ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. So what LINK is showing right now is really bullish.
This is a coin with a high potential reach to a new ATH. I think the coming month's are really interesting to follow.
Target for now:
35k sats.
Target long term:
50k sats.
Goodluck!
Link/USDT - Rising Wedge BreakdownChainlink has broken down a rising wedge. The decreasing volume (on the bottom of the chart) is confirmation of the successful breakdown.
Based on wave analysis, it is possible it may downtrend further.
Shorts are not something I trade personally, so this idea is only for the benefit of my followers who do and for those considering adding to Link's technical analysis.
=> possible completion of sub waves 1 & 2 of the 0-a wave of its downwards correction with an oncoming sub wave 3, OR
=> completed a-b (or yet to complete a-b) of the corrective sequence (less likely in my opinion, taking retracement values into consideration - but not impossible).
Currently hovering around the top of the Ichi cloud, it is not being very positive about continuing upwards. it would be interesting to watch its movements if and when it hits the strong Senkou Span B support line (marked black).
Likely targets are marked on the chart should it continue to downtrend. Always use any idea in conjunction with your own technical analysis before trading.
Happy trading and Vanakkam. :)
What goes up must come down.
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